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Nonprofiteer
← EDUCATE

Form 990 for tax year 2022

Filed by EDUCATE.

Totals

Total revenue
$17,513,135
Total expenses
$7,163,367
Contributions and grants received
$17,319,820
Grants paid
$114,752
Program service revenue
$0
Investment income
$178,505
Other revenue
$14,810
Total assets, end of year
$22,620,487
Total liabilities, end of year
$292,589
Net assets or fund balances, end of year
$22,327,898
Program services expenses (Part IX)
$6,125,497
Management and general expenses
$505,301
Fundraising expenses
$532,569
Program service expenses (Part III)
$6,125,497

Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $247,108

  • 1f · All other contributions, gifts and grants

    $17,072,712

  • 3 · Investment income

    total $178,505 · excluded $178,505

  • 11a · Other revenue: Other revenue

    total $14,810 · excluded $14,810

  • 11e · Other revenue, total

    $14,810

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $114,752 · program services $114,752

  • 5 · Compensation of officers, directors and key employees

    total $453,701 · program services $402,474 · management and general $9,615 · fundraising $41,612

  • 7 · Other salaries and wages

    total $3,415,223 · program services $3,029,612 · management and general $72,373 · fundraising $313,238

  • 8 · Pension plan contributions

    total $12,055 · program services $10,694 · management and general $255 · fundraising $1,106

  • 9 · Other employee benefits

    total $326,491 · program services $288,242 · management and general $8,431 · fundraising $29,818

  • 10 · Payroll taxes

    total $267,719 · program services $237,491 · management and general $5,673 · fundraising $24,555

  • 11b · Fees: legal

    total $1,545 · program services $1,304 · management and general $63 · fundraising $178

  • 11c · Fees: accounting

    total $114,669 · management and general $114,669

  • 11g · Fees: other

    total $888,097 · program services $760,040 · management and general $59,770 · fundraising $68,287

  • 12 · Advertising and promotion

    total $17,796 · program services $14,698 · management and general $2,172 · fundraising $926

  • 13 · Office expenses

    total $61,513 · program services $46,895 · management and general $12,234 · fundraising $2,384

  • 14 · Information technology

    total $292,183 · program services $249,293 · management and general $27,222 · fundraising $15,668

  • 16 · Occupancy

    total $82,386 · program services $40,888 · management and general $39,354 · fundraising $2,144

  • 17 · Travel

    total $678,398 · program services $582,606 · management and general $69,283 · fundraising $26,509

  • 19 · Conferences, conventions and meetings

    total $137,006 · program services $117,660 · management and general $13,992 · fundraising $5,354

  • 23 · Insurance

    total $4,055 · program services $1,050 · management and general $3,005

  • 24a · Other expenses: Program Supplies

    total $107,862 · program services $103,838 · management and general $3,904 · fundraising $120

  • 24b · Other expenses: Cost of Goods Sold

    total $106,933 · program services $106,933

  • 24c · Other expenses: Bad debt

    total $61,674 · management and general $61,674

  • 24d · Other expenses: Fees, permits, licenses

    total $19,309 · program services $17,027 · management and general $1,612 · fundraising $670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,189,612 · end of year $2,910,653

  • 2 · Savings and temporary cash investments

    beginning of year $8,062,761 · end of year $8,513,166

  • 3 · Pledges and grants receivable

    beginning of year $3,272,845 · end of year $1,118,034

  • 4 · Accounts receivable

    beginning of year $21,023 · end of year $34,613

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,104 · end of year $44,021

  • 15 · Other assets

    beginning of year $0 · end of year $10,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $346,067 · end of year $292,589

  • 24 · Unsecured notes and loans payable

    beginning of year $247,108

  • 27 · Net assets without donor restrictions

    beginning of year $8,841,304 · end of year $9,027,898

  • 28 · Net assets with donor restrictions

    beginning of year $3,156,866 · end of year $13,300,000

Mission and programs · 2022

Mission

Educate!'s mission is to develop young leaders and entrepreneurs in Africa. Educate! delivers a practical and relevant model of education to youth in Uganda, Rwanda and Kenya, comprised of a leadership and entrepreneurship course, interactive teaching, intensive mentorship, experience starting an enterprise, and access to out of school networks and resources. Through advocacy and direct service in schools, Educate! is working to get this model to be part of the education system.

Activities or mission (Part I)

Educate!'s mission is to develop young leaders and entrepreneurs in Africa. See Part III

  • Educate! is a nonprofit organization incorporated in 2005 under the laws of the State of Colorado with operations in Uganda, Rwanda, and Kenya for the purpose of preparing youth in Africa with the skills to succeed in today's economy. Educate!'s mission is to develop young leaders and entrepreneurs in Africa. Educate! delivers a practical and relevant model of education to youth in Uganda, Rwanda, and Kenya, comprised of a leadership and entrepreneurship course, interactive teaching, intensive mentorship, experience starting an enterprise.Educate!'s program activities run under three solution lines, as follows:1) School Solutions - Educate! delivers workforce readiness, entrepreneurship, and 21st century skills training directly in schools.2) Education System Solutions - Educate! partners with governments to support the integration of evidence-based skills education into national education systems and invest in continued assessment of this approach.3) Out-of-School Youth Solutions - Educate! creates bootcamps to equip out-of-school youth with skills to successfully transition to quality employment.

    Expenses $6,125,497 · Grants $114,752

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Glustrom

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Amy Kates

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Radhika Malpani

    Member

    Total calculated
    $0
    Hours/week
    2

  • Dzingai Mtumubuka

    Member

    Total calculated
    $0
    Hours/week
    2

  • Jeff Aludo

    Member

    Total calculated
    $0
    Hours/week
    2

  • Nikita Miller

    Member

    Total calculated
    $0
    Hours/week
    2

  • Boris Bulayev

    CEO & Co-Founder

    Total calculated
    $181,284
    From this org
    $172,986
    From related orgs
    $0
    Other
    $8,298
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,986
    Bonus
    $0
    Other
    $0
    Deferred
    $5,418
    Nontaxable benefits
    $2,880
    Filer's total
    $181,284

  • Margaret Appleton

    Chief Operating Officer

    Total calculated
    $148,629
    From this org
    $145,000
    From related orgs
    $0
    Other
    $3,629
    Hours/week
    50

  • Ivan Ssenfuma

    Chief Financial Officer

    Total calculated
    $123,788
    From this org
    $123,788
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Angelica Towne

    Chief Strategy and Innovation Officer

    Total calculated
    $137,583
    From this org
    $133,954
    From related orgs
    $0
    Other
    $3,629
    Hours/week
    50

  • Alexander Kelly

    Global Director of Growth and Revenue

    Total calculated
    $115,381
    From this org
    $109,315
    From related orgs
    $0
    Other
    $6,066
    Hours/week
    50

  • Elana Pollack

    Director of Talent

    Total calculated
    $124,887
    From this org
    $115,360
    From related orgs
    $0
    Other
    $9,527
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Skilled Learning Inc

    C · Hold investment in Learning Point Ltd. (program related) · DE · 100% owned · share of assets $1,355,638 · controlled entity

    Directly controlled by Educate

  • Learning Point Limited

    C · Develop young leaders and entrepreneurs in Africa · KE · 100% owned · share of income $449 · share of assets $5,094 · controlled entity

    Directly controlled by Educate

Provenance

Return type
form_990
Tax year
2022
Filed
13 October 2023
IRS schema version
2022v5.0
Source object
202302869349302135

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